Browsing by Author "Hassapis, Christis"
Now showing items 21-40 of 51
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Equity culture and household behavior
Haliassos, Michael; Hassapis, Christis (2002)Equity culture has spread among households on both sides of the Atlantic. We study likely effects of equity culture on the behavior of households entering the stock market. Without borrowing constraints, the improved ...
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Excess returns in the EMS: Do "weak" currencies still exist after the widening of the fluctuation bands?
Caporale, Guglielmo Maria; Hassapis, Christis; Pittis, Nikitas (1995)Excess Returns in the EMS: Do "Weak" Currencies Still Exist after the Widening of the Fluctuation Bands? - The authors analyze the issue of how the different institutional arrangements within the ERM have affected the ...
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Exchange risk in the EMS: some evidence based on a GARCH model
Hassapis, Christis (1995)The paper attempts to detect any changes in the exchange risk as measured by the conditional variance of exchange rate changes before and after foundation of the EMS. The analysis is based on estimation of an econometric ...
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Financial variables and real activity in Canada
Hassapis, Christis (2003)In this paper we utilize Canadian and U.S. data to investigate the relationship between financial market variables (Canadian and U.S.) and Canadian output growth, using a non-parametric technique. The financial variables ...
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Foreign Direct Investment Determinants in OECD and Developing Countries
Economou, Fotini; Hassapis, Christis; Philippas, Nikolaos; Tsionas, Mike (2017)In this paper we examine the foreign direct investment (FDI) inflow determinants in 24 Organisation for Economic Co-operation and Development (OECD) and 22 developing (non-OECD) countries over 1980–2012, using the standard ...
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Foreign direct investment inflows determinants in four South European economies
Economou, Fotini; Hassapis, Christis (2015)Foreign direct investment (FDI) has attracted research interest due to its impact on economic growth, especially during periods of crisis. This paper investigates FDI inflows in four highly distressed European economies ...
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An Integrated Matching-Immunization Model for Bond Portfolio Optimization
Xidonas, Panos; Hassapis, Christis; Bouzianis, G.; Staikouras, Christos (2016)We propose an integrated bond portfolio optimization model based on the popular cash-flow matching and immunization strategies. The underlying mathematical program, not only minimizes the initial required capital for the ...
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International earnings to price ratio convergence: evidence from the European Union
Apergis, Nicholas; Christou, Christina; Hassapis, Christis; Johnson, Steve (2015)
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Investigating the links between growth and real stock price changes with empirical evidence from the G-7 economies
Hassapis, Christis; Kalyvitis, Sarantis (2002)This paper investigates the link between real stock price changes and economic growth. We develop a simple growth model, which presents the relationship between real stock prices and output. Evidence from the G-7 economies ...
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Investors’ fear and herding in the stock market
Economou, Fotini; Hassapis, Christis; Philippas, Nikolaos (2018)In this article, we examine herding in three developed stock markets testing for the impact of investors’ ‘fear’ on herding estimations. To this end, we employ daily data of all listed stocks from USA, UK and Germany from ...
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Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
Pittis, Nikitas; Christou, Christina; Kalyvitis, Sarantis; Hassapis, Christis (2009)Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...
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Multi-horizon wealth effects across the G7 economies
Apergis, Nicholas; Bouras, Christos; Christou, Christina; Hassapis, Christis (2018)This paper investigates the nature of the intertemporal relationship between household wealth and private consumption across the G7 countries. We make use of the multistep non-causality test, recommended by Dufour et al. ...
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Multiobjective portfolio optimization: bridging mathematical theory with asset management practice
Xidonas, Panos; Hassapis, Christis; Mavrotas, George; Staikouras, Christos; Zopounidis, Constantin (2016)We attempt to establish an integrated portfolio optimization business framework, in order to bridge the underlying gap between the complex mathematical theory of multiobjective mathematical programming and asset management ...
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Non-expected utility, saving and portfolios
Haliassos, Michael; Hassapis, Christis (2001)Despite increased stockholding opportunities, standard expected-utility models overpredict household participation and stock holdings. It has been suggested that departures from expected utility could resolve both puzzles. ...
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Nonlinear equilibrium adjustment dynamics and predictability of the term structure of interest rates
Bekiros, Stelios; Avdoulas, Christos; Hassapis, Christis (2018)We analyze money market dynamics under a long-run equilibrium framework where commonly-monitored spreads serve as error correction terms, derived from a structural model incorporating autocorrelated risk premia, interest ...
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On the propagation of the fluctuations of stock returns on growth: Is the global effect important?
Hassapis, Christis; Kalyvitis, Sarantis (2002)Increasing capitalization in developed economies has attracted the attention of policy-makers and economists with respect to the effects of unanticipated changes in stock returns on growth. This paper attempts to examine ...
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Predicting output growth at long horizons: stock return volatility and the monetary policy influence
Bouras, Christos; Christou, Christina; Hassapis, Christis (2015)
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RAROC in portfolio optimization
Xidonas, Panos; Kountzakis, Christos E.; Hassapis, Christis; Staikouras, Christos (2016)
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Robust minimum variance portfolio optimization modelling under scenario uncertainty
Xidonas, Panos; Hassapis, Christis; Soulis, John; Samitas, Aristeidis (2017)Our purpose in this article is to develop a robust optimization model which minimizes portfolio variance for a finite set of covariance matrices scenarios. The proposed approach aims at the proper selection of portfolios, ...
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Robust multiobjective portfolio optimization: A minimax regret approach
Xidonas, Panos; Mavrotas, George; Hassapis, Christis; Zopounidis, Constantin (2017)An efficient frontier in the typical portfolio selection problem provides an illustrative way to express the tradeoffs between return and risk. Following the basic ideas of modern portfolio theory as introduced by Markowitz, ...